The currency pair Euro/Australian Dollar (EUR/AUD) breaks through the descending trendline up.
A bullish trend upwards to the next resistance level at 1.64535 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 1.63813 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘StochRSI %K crosses above 0.2’ indicator layout is existing. The indicator is ‘StochRSI %K crosses above 0.2’. which is often a bullish signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.65168 |
| 2nd High | 1.64628 |
| Next High | 1.64535 |
| Current Price | 1.64205 |
| Next Low | 1.63813 |
| 2nd Low | 1.63768 |
| 3rd Low | 1.6372 |
1.64535 – 1.64361 – 1.64297 – 1.63813 – 1.63768 – 1.6372 —
1.64396 – 1.64298 —
47.346078620642 – 36.579241906783 —
– —
1.64535 – 1781690400
Trading Signals: FOREX – EUR – EUR/AUD – AUD – – – – – – – – – –